DevanNaayar

Arvind Ltd - Multi year breakout and retesting

NSE:ARVIND   ARVIND LTD
#Arvind
CMP ₹ 170.65
ARVIND LTD is a textile company whose products are finished fabrics and garments. It's one of the largest denim manufacturers in the world. Fundamentals are not so good but technically it's looking good. Stock is nearly it's 52 week high and it also gained more than 20% in this month itself and also gained highest recovery from 52 months . FIIs are also increasing their holdings. It breaks it's 6 year long resistance trend line , retested and bounce back. Now it's heading towards 200 levels. Surpassing this level is crucial for it's further movement.

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